ScubaHogg,
What I've done is just put that amount of money as a legacy requirement and it seems to work fine. Is there a more elegant way to achieve this though?
Great questions. I have been thinking about some of them as well, especially inflation and joint life expectancy. Thank you for posting them.
FWIW, and I see Ben has already affirmed this, using "Legacy" as a sort of cushion is a reasonable solution. I have it that way in all my iterations of TPAW.
I find that I have to remind myself not to fall into the trap of "false precision" as I am tinkering (not suggesting that you are) so I think sticking something in "Legacy" and segregating it mentally as some sort of emergency fund is probably "close enough".
And Ben, thanks again.
Cheers
Statistics: Posted by Harry Livermore — Thu Apr 25, 2024 6:53 am — Replies 719 — Views 192267